On Sept. 10, Bitcoin’s mining difficulty rose 3.58% higher bringing the network’s difficulty to a new all-time high of 92.67 trillion. The news follows Bitcoin’s overall hashrate rising near the 700 exahash per second (EH/s) range when it tapped 693 EH/s. Rising Bitcoin Difficulty Puts Pressure on Miners Bitcoin’s difficulty now makes it 3.58% more […]
While gold dipped below $ 2,500 per ounce, Goldman Sachs commodity analysts remain optimistic, suggesting gold could experience a “potential gain of 8%” amid the “current softening cyclical environment.” Goldman market strategists are particularly confident in this precious metal, stating that, out of all commodities, they have the “highest confidence” in gold. Gold Dips, …
On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s Difficulty Jumps as Earnings Dwindle Bitcoin’s difficulty ticked up […]
Coinbase Chief Legal Officer Paul Grewal has raised concerns on social media regarding the Commodity Futures Trading Commission’s (CFTC) proposed rule to ban certain event contracts. Coinbase has also formally responded to the proposal, urging the CFTC to reconsider its stance, which the company argues could stifle innovation in the prediction markets. Coinbase Urges CFTC […]
Mutiny Wallet has announced that it will be shutting down its operations by the end of 2024 due to significant technical challenges in Bitcoin Lightning wallet development. The company is exploring alternative products and has decided to wind down the wallet as it becomes increasingly complex to maintain. Users will still have the option to […]